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    473 Washington St North Attleborough, MA 02760

    Sponsored
    For Sale
    Contact for pricing

    Value-add shopping center, strong anchor tenant.

    Property size:
    60,277 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional value-add opportunity presents a 60,277 square foot shopping center situated on a 5.7-acre lot at 473 E Washington St, North Attleborough, MA 02760. The property, built in 1960 and renovated in 2017, boasts three single-story buildings encompassing ten units. A prominent anchor tenant, Fit Factory of New England, contributes to the center's strong tenant mix. Ample parking is available with 222 spaces. The center is zoned C30 Commercial District, providing flexibility for future development or tenant improvements. The property's multi-tenant structure offers a diverse income stream under a NNN lease type. This well-located retail center, situated along Route 1, benefits from high visibility and convenient access for customers. The property's size and existing infrastructure present a compelling opportunity for investors seeking to enhance their portfolio with a proven retail asset in a thriving Massachusetts market. Detailed financial information and pricing are available upon request. This is a prime opportunity to acquire a well-established shopping center with significant upside potential.

    Property Features for 473 Washington St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    60,277 SF
    Lot Size
    248,292 SF

    Building Details

    Year Built/Renovated
    1960/2017
    Buildings
    3
    Stories
    1
    Units
    10

    HighLights

    • 60,277 SF multi‑tenant shopping center in North Attleborough, MA.
    • Value‑add investment opportunity with a NNN lease structure.
    • Ten (10) units across three (3) one‑story buildings on a 5.7‑acre lot.
    • 222 parking spaces.
    • Built in 1960, renovated in 2017.
    • C30 Commercial District zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Attleborough
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.329388
    Latitude
    41.9798339

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    FAQs

    What type of property is this?
    Lifestyle center - Value-add shopping center, strong anchor tenant.
    Where is this lifestyle center located?
    The property is located at 473 Washington St North Attleborough, MA.
    What are key features of this property?
    This property features: 60,277 SF multi-tenant shopping center in North Attleborough, MA.; Value-add investment opportunity with a NNN lease structure.; Ten (10) units across three (3) one-story buildings on a 5.7-acre lot.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    473 Washington St North Attleborough, MA 02760
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